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06.02.2015

BRISK GROWTH IN BOAT EXPORTS, SWEDEN AND NORWAY AGAIN MAIN EXPORT DESTINATIONS. DOMESTIC BOAT SALES DOWN BY 5 %.

46 % of Finnboat member enterprises forecast a growth in turnover for 2015 while 22 % anticipate expanding their workforce. Total 2014 turnover for Finnboat members was EUR 460 million (VAT 0 %, based on ex-factory and import prices), representing a growth of 3 % over the previous year.

Domestic boat sales

Turnover from boat trading on the domestic market was EUR 98,8 million at the close of the year, a fall of 5 % compared with the previous year. In the light of wholesale delivery statistics for small craft and motorboats, the breakdown (in unit terms) was as follows:

     
below 6 m 6460 (-4,7 %)
6-8 m 551 (-1,1 %)
8-10 m 50 (-13,8 %)
over 10 m 22 (-24,1 %)

Figures are supplied by Finnboat's small craft and motorboat enterprises.

The total number of sailboats (i.e. over 20 feet) sold in Finland was 23, which is 42 % fewer than for 2013. Imported boats continue to dominate the market for sailboats ac-counting for over 95 % of the total. Most boats sold were in the size class 34 - 40 feet.

Boat exports

Based on figures supplied by member enterprises, the invoice value of boat exports for 2014 was EUR 175,7 million, representing a growth of 17,4 % compared with 2013. The export share of the total production of the Finnish marine industry increased slightly for 2014 and was 70,3 %. Of the 2014 export billing, the sailboat share was 37,9 %.

Customs' statistics for the year 2014 are available for the period January-October only and therefore the actual number of boats transhipped across the border is not yet known for the year as a whole. Figures for January - October indicate that the top ten export destinations were as follows:

Country   Units   Euro value (millions)  
Norway   2384   38,6 (+2,2 %)
Sweden   2741   31,3 (+8,0 %)
Antigua & Barbuda   1   15,9  
Russia   470   11,4 (+5,4 %)
Malta   1   10,6  
Cayman Islands   1   9,7  
Germany   194   4,9 (+5,4 %)
Hong Kong   6   3,5  
Mexico   1   3,2  
France   62   3,1 (+11,2%)

Additionally, export destinations for the same ten-month period and valued at more than one million euros each were Great Britain (2,7), Greenland (2,4), Switzerland (1,5) and Estonia (1). A total of 6505 boats (+7,6 %) were exported to 43 countries during the above period.

Boat imports

Customs' statistics for boat imports are available only for the same Jan-Oct period. The value of imports for the period in question was EUR 24,8 million (-45,8 %). Boats valued at less than EUR 840 each were excluded from these statistics. Import figures for the top six source countries for January-October were as follows:

Country   Units   Euro-value (million)  
Poland   187   3,9 (+104 %)
Great Britain   14   3,6 (-55 %)
USA   135   2,3 (+67 %)
France   48   1,4 (-43 %)
Denmark   33   1,4 (+141 %)
Sweden   40   1,2 (-56 %)

Wholesale delivery of outboard engines

In all, 32,775 outboard engines (-13,7 %) were delivered via Finnish importers. Of these, 13,569 (-12,6 %) were supplied to the domestic market (Finnish importers continue to re-export engines to, among other destinations, Russia and the Baltic States). There have been no significant changes in distribution among the various size classes. The largest class comprises engines below 15 hp, representing more than 60 % of the total.

The 2014 turnover of Finnboat member enterprises was altogether EUR 460 mil-lion (VAT 0 %), a growth of +3 %, (ex-factory and import prices):

      Finland million Euro   Export million Euro
Boats     98,8 (-5,0 %)   175,7 (+17,4 %)
Engines     46,8 (-1,5 %)   15,7 (-25,9 %)
Equipment     71,1 (-5,6 %)   23,1 (-12,1 %)
Services, etc.     28,2 (+30,0 %)   0,6 (-14,3 %)
TOTAL     244,9 (-1,5 %)   215,1 (+8,7 %)

Industry prospects for 2015

At the beginning of January, Finnboat members were asked about their plans with re-spect to 2015 turnover and workforce requirements. They responded as follows:

Personnel 2015
to increase 22 % of the companies
to decrease 7 %
to remain the same 71 %

Budgets 2015
turnover to increase 46 % of the companies
turnover to decrease 9 %
turnover to remain the same 45 %

In 2014, workers were laid-off in 19 % of responding enterprises (2013: 22%).

For further information, please contact:

Managing Director Jouko Huju
, 040-550 9310
Finnish Marine Industries Federation Finnboat ry
Käenkuja 8 A 47, 00500 Helsinki
tel 0207 669 341, fax 0207 669 346
www.finnboat.fi

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